Aave (AAVE) Price Prediction 2023 — Will AAVE Hit $150 Soon?
- Bullish AAVE price prediction for 2023 is $84.5 to $168.3.
- Aave (AAVE) price might also reach $150 soon.
- Bearish AAVE price prediction for 2023 is $45.9.
In Aave (AAVE) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about AAVE to analyze the future movement of the cryptocurrency.
Aave (AAVE) Current Market Status
| Current Price | $76.47 |
| 24 – Hour Trading Volume | $74,035,598 |
| 24 – Hour Price Change | 3.6% Down |
| Circulating supply | 14,289,236 |
| All – Time High | $661.69 (On May 18, 2021) |
What is Aave (AAVE)?
Aave (AAVE) is the native governance token of Aave, a crypto borrowing and lending DeFi protocol on Ethereum. Aave (AAVE) was launched in 2017 as ETHLend. Aave protocol provides users to create and access liquidity pools for crypto-assets and real-world assets.
Aave also allows lenders to earn interest rates on locking in their assets in the pool. Borrowers also avail of crypto-backed loans via decentralized smart contracts. AAVE token grants voting rights to its holders to participate in the governance of the protocol. Users can also deploy AAVE tokens as collaterals in the Aave protocol. The third version of Aave, Aave v3, confers more interoperability to the Aave protocol.
Aave (AAVE) Price Prediction 2023
Aave (AAVE) holds the 49th position on CoinGecko right now. AAVE price prediction 2023 is explained below with a daily time frame.
The above chart of AAVE laid out a horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.
Currently, Aave (AAVE) is in the range of $79.89. If the pattern continues, the price of AAVE might reach the resistance levels of $84.5, $93.4, and $115.1. If the trend reverses, then the price of AAVE may fall to $76.3.
Aave (AAVE) Support and Resistance Levels
The chart below shows the support and resistance levels of Aave (AAVE).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Aave (AAVE).
| Resistance Level 1 | $115.6 |
| Resistance Level 2 | $168.3 |
| Support Level 1 | $71.2 |
| Support Level 2 | $45.9 |
The charts show that Aave (AAVE) has performed a bullish trend over the past month. If this trend continues, AAVE might run along with the bulls overtaking its resistance level at $168.3.
Accordingly, if the investors turn against crypto, the price of Aave (AAVE) might plummet to almost $45.9, a bearish signal.
Aave (AAVE) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Aave (AAVE) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of AAVE lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Aave (AAVE) is shown in the chart above. Notably, the Aave (AAVE) price lies below 50 MA (short-term), so it is downward. Currently, AAVE has entered a bearish state. Therefore, there is a possibility of a reversal trend of AAVE at any time.
Meanwhile, the relative strength index (RSI) of the AAVE is 49.11. This means that Aave (AAVE) is in neither an overbought nor oversold state. However, this means a major price reversal of AAVE may occur in the upcoming days. So, traders need to trade carefully.
Aave (AAVE) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Aave (AAVE). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Aave (AAVE). Currently, the ADX of AAVE lies in the range of 17.4 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Aave (AAVE). RVI measures the constant deviation of price changes over a period of time. The RVI of AAVE lies below 50, indicating low volatility. In fact, the RSI of Aave (AAVE) is at 49.11 thus confirming a potential sell signal.
Comparison of AAVE with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Aave (AAVE).
From the above chart, it can be interpreted that ETH, and AAVE are moving in a similar trend. This indicates that when the price of ETH increases or decreases, the price of AAVE also increases or decreases respectively.
Aave (AAVE) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Aave (AAVE) between 2024 and 2030.
Aave (AAVE) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Aave (AAVE) might probably attain $300 by 2024.
Aave (AAVE) Price Prediction 2025
With several upgrades in the network, Aave (AAVE) might enter a bullish trajectory. If the coin grabs the attention of major investors, AAVE might rally to hit $390 by 2025.
Aave (AAVE) Price Prediction 2026
If Aave (AAVE) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, AAVE would rally to hit $450.
Aave (AAVE) Price Prediction 2027
If Aave (AAVE) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, AAVE would rally to hit $550.
Aave (AAVE) Price Prediction 2028
If Aave (AAVE) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, AAVE would rally to hit $650 in 2028.
Aave (AAVE) Price Prediction 2029
If Aave (AAVE) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, AAVE would hit $750 in 2029.
Aave (AAVE) Price Prediction 2030
If investors flock in and continue to place their bets on Aave (AAVE), it would witness major spikes. AAVE might hit $850 by 2030.
Conclusion
With continuous improvements in the Aave network, we can say that 2023 is a good year for AAVE. For this reason, the bullish price prediction of Aave (AAVE) in 2023 is $168.3. On the other hand, the bearish price prediction of Aave (AAVE) price prediction for 2023 is $45.9.
Furthermore, with the advancements and upgrades to the Aave ecosystem, the performance of AAVE would help to reach above its current all-time high (ATH) of $150 very soon. But, it might also reach $100 if the investors believe that AAVE is a good investment in 2023.
FAQ
Aave (AAVE) is the governance token of the Aave protocol, a DeFi crypto borrowing and lending platform. AAVE was launched in 2017.
Aave (AAVE) has been listed on many crypto exchanges which include Binance, OKX, Coinbase Exchange, LBank, MEXC, and Bybit.
With the ongoing developments and upgrades within the Aave platform, AAVE has a high possibility of reaching its ATH soon.
On May 18, 2021, Aave (AAVE) reached its new all-time high (ATH) of $661.69.
Aave (AAVE) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Aave in the past few months, AAVE is considered a good investment in 2023.
Aave (AAVE) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Aave (AAVE) will hit $150 soon.
Aave (AAVE) price is expected to reach $300 by 2024.
Aave (AAVE) price is expected to reach $390 by 2025.
Aave (AAVE) price is expected to reach $450 by 2026.
Aave (AAVE) price is expected to reach $550 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/aave-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
